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NEO Battery Materials Ltd (NBMFF) fair value: what the stock is really worth

As of Oct 23, 2026: fair value (intrinsic value) of NEO Battery Materials Ltd stock $0.01, price $0.10, upside -91.5%, quality 27 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
  3. Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with one Yes, for free

Basic Materials · US · Based in Canada

NB NEO Battery Materials Ltd logo Thin data Oct 25, 2026

NEO Battery Materials Ltd

NBMFF · US

Weakest SetupStrongly overvalued and low quality.

Our calculation puts a fair price 92% below what the stock costs today.

Fair value $0.0085 · Strongly overvalued (−91.5%)
Quality 27/100
Weak Growth
Negative free cash flow
Trails peers (0/7)
Narrow moat 3/100 · thin data
Thin data
⟳ Cyclical⚠ Dilution⚠ Thinly traded

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$0.7200 $0.0100 Fair Value $0.0085 Jul 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 25, 2026.

How to read this chart

60‑month range $0.0100 – $0.7200 · the $0.1000 price screens above the $0.0085 fair value. Dashed = 300-day average. As of Oct 25, 2026.

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Company profile

NEO Battery Materials Ltd. focuses on the development of silicon-enhanced lithium-ion batteries used in drones, robotics, physical artificial intelligence, and electric vehicles in Canada and South Korea.

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The company was formerly known as Pan Andean Minerals Ltd. and changed its name to NEO Battery Materials Ltd. in March 2021. NEO Battery Materials Ltd. was incorporated in 2006 and is headquartered in Toronto, Canada.

Stock analysis

NEO Battery Materials Ltd (NBMFF) currently trades at $0.1000, while our model-based Fair Value estimate is $0.0085, 91.5% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the data coverage at low.

Quality & growth

The Quality Score stands at 27/100 (below-average quality), in the Basic Materials sector.

Weak Growth: Revenue growth is weak, negative or inconsistent.

NEO Battery Materials Ltd reported revenue of C$268K in FY2026 versus C$0 in FY2022. Reported net income was −C$10.0M in FY2026.

Key figures

Market cap $17.4M Micro · P/S ratio 39.0 · EPS (TTM) $−0.0700 · Return on equity −279% · Return on assets (EBIT) −133% · Operating margin −2,046% · Revenue (TTM) C$447K · Free cash flow −C$11.4M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 3 out of 100 (low confidence).

What moves the price

The share trades about 83% below its 52-week high and 144% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at −92%, NBMFF screens richer than that median.

Fair Value models

Bear $0.0085 Fair Value $0.0085 Bull $0.0085
Price $0.1000 · Upside -91.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
NCAV (Graham) $0.0100 $0.0100 $0.0100 53
All 1 models by family
Asset-Based
NCAV (Graham) $0.0100 $0.0100 $0.0100 53

The fair value above starts from this blend and is adjusted for dilution from new shares.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 27/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 0
How much profit the company makes from its sales and capital
Quality Growth 79
Are margins and returns getting better?
Cashflow 5
Do the profits arrive as real cash?
Financial strength 75
Debt, balance sheet and risk of trouble
Investment 0
Does it invest with discipline instead of growing at any price?
Low Volatility 0
How calm the share price moves, does not count
Momentum 0
Price trend of the last 3 to 12 months, does not count
Near the 52-week high 5
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 0/100
Revenue growth is weak, negative or inconsistent.
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed

NBMFF screens overvalued: fair value 92% below the price. Compare with Saudi Arabian Mining Company →

Compare NEO Battery Materials Ltd with another stock

Price, fair value, quality and upside side by side.

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Other Industrial Metals & Mining · 378 stocks

Beats the industry median on 0/6 measures
Overall it trails its industry peers.
Valuation
Quality Score 27 · Bottom 25%
Fair Value upside −91.5% · Bottom 25%
Profitability
Return on assets −65.2% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 0.0% · Below median

Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper

P/B 2.26× · Pricier than median
P/S (12 months) 54.67× · Priciest 25%

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Vedanta Limited VEDL ₹236.85 ₹613.43 +159% vs NBMFF
Zhejiang Huayou Cobalt Co 603799 ¥31.74 ¥54.86 +73% vs NBMFF
CMOC Group 603993 ¥14.15 ¥19.48 +38% vs NBMFF
Saudi Arabian Mining Company 1211 58.80 SAR 64.68 SAR +10% vs NBMFF
Hindustan Zinc Limited HINDZINC ₹496.00 ₹545.60 +10% vs NBMFF
Western Mining Co 601168 ¥31.67 ¥34.84 +10% vs NBMFF
Boliden AB BOL kr 508.40 kr 464.45 −9% vs NBMFF
Korea Zinc Company 010130 913,000 KRW 649,125 KRW −29% vs NBMFF
Ivanhoe Mines Ltd IVN C$9.53 C$4.45 −53% vs NBMFF
China Tungsten And Hightech Materials Co 000657 ¥44.00 ¥4.44 −90% vs NBMFF

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Cite: Fair Value Calculator (2026). "NEO Battery Materials Ltd Fair Value". https://www.fairvalue-calculator.com/stock/NBMFF

Frequently asked questions

Is NEO Battery Materials Ltd (NBMFF) overvalued or undervalued?
As of Oct 25, 2026, our model estimates a fair value of $0.0085 versus a price of $0.1000, about −92% upside (overvalued).
What is the fair value of NBMFF?
Our model-based fair value for NEO Battery Materials Ltd is $0.0085 (as of Oct 25, 2026), built from audited fundamentals. The current price: $0.1000.
What is the quality score of NBMFF?
NEO Battery Materials Ltd has a Quality Score of 27/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for NEO Battery Materials Ltd (NBMFF)?
Our model-based price target is the fair value of $0.0085 (as of Oct 25, 2026) from 1 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the NEO Battery Materials Ltd stock forecast for 2026?
Our models put fair value at $0.0085, about −92% upside versus a price of $0.1000 (overvalued). The calculation is refreshed regularly with new filings.
What is the revenue of NEO Battery Materials Ltd (NBMFF)?
NEO Battery Materials Ltd reported trailing-twelve-month revenue of about C$447K (latest available figure, as of Oct 25, 2026).
What is the intrinsic value of NEO Battery Materials Ltd (NBMFF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For NEO Battery Materials Ltd it is $0.0085 per share (as of Oct 25, 2026), against a price of $0.1000. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is NEO Battery Materials Ltd stock overvalued or undervalued in 2026?
As of Oct 25, 2026, NBMFF trades above its calculated fair value: price $0.1000, fair value $0.0085, a gap of about −92% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of NBMFF?
No. The price is what the market pays today ($0.1000); the fair value is what the company's own numbers justify ($0.0085). For NEO Battery Materials Ltd the two are $0.0915 per share apart. That gap is exactly why we show both numbers side by side.
How much is NEO Battery Materials Ltd worth?
The market values NEO Battery Materials Ltd at about $17.4M (market capitalisation, as of Oct 25, 2026). Per share that is $0.1000; our models calculate a fair value of $0.0085 per share.
How solid is the balance sheet of NEO Battery Materials Ltd (NBMFF)?
Balance-sheet figures for NEO Battery Materials Ltd (as of Oct 25, 2026): return on equity −279.0%. They feed the Quality Score of 27/100, which measures business quality independently of the share price.
How far is NBMFF from its 52-week high?
NEO Battery Materials Ltd trades at $0.1000, about 83% below its 52-week high of $0.6000 and 144% above the low of $0.0410 (as of Oct 23, 2026). Distance from the high says nothing about value: that is what the fair value of $0.0085 is for.
Which stocks are comparable to NEO Battery Materials Ltd?
From the same area (Basic Materials) we also value Saudi Arabian Mining Company, CMOC Group, Hindustan Zinc Limited, China Tungsten And Hightech Materials Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is NEO Battery Materials Ltd stock attractive at the current price?
The data as of Oct 25, 2026: price $0.1000, calculated fair value $0.0085 (−92%), Quality Score 27/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of NBMFF calculated?
We run NEO Battery Materials Ltd through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $0.0085, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 12.5 % above its aggregate fair value. NEO Battery Materials Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of NEO Battery Materials Ltd (NBMFF)?
The closing price on Oct 23, 2026 was $0.1000. Our model-based fair value is $0.0085, about −92% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with NEO Battery Materials Ltd right now?
The price sits above even our optimistic bull case ($0.0085). The favourable scenario is already priced in. Weak quality (27/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of NEO Battery Materials Ltd

How large is the market capitalisation of NEO Battery Materials Ltd (NBMFF)?
The market capitalisation of NEO Battery Materials Ltd is $17.4M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of NEO Battery Materials Ltd (NBMFF)?
The price-to-sales ratio of NEO Battery Materials Ltd is 39.0 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of NEO Battery Materials Ltd (NBMFF)?
Earnings per share at NEO Battery Materials Ltd are $−0.0700. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of NEO Battery Materials Ltd (NBMFF)?
The return on equity (ROE) of NEO Battery Materials Ltd is −279% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of NEO Battery Materials Ltd (NBMFF)?
On an EBIT basis the return on assets of NEO Battery Materials Ltd is −133% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of NEO Battery Materials Ltd (NBMFF)?
The operating margin of NEO Battery Materials Ltd is −2,046% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much free cash flow does NEO Battery Materials Ltd (NBMFF) generate?
The free cash flow of NEO Battery Materials Ltd is −C$11.4M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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